Canterbury Park Holding Corporation (NASDAQ:CPHC) Sees Significant Drop in Short Interest

Canterbury Park Holding Corporation (NASDAQ:CPHC) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,383 shares, a drop of 69.4% from the May 14th total of 4,527 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,396 shares, the short-interest ratio is presently 0.6 days.

Canterbury Park Price Performance

NASDAQ CPHC traded up $0.07 during trading on Thursday, reaching $15.85. 1,842 shares of the company’s stock traded hands, compared to its average volume of 1,523. The firm has a market cap of $81.63 million, a price-to-earnings ratio of -1,585.00 and a beta of -0.39. The company’s 50 day simple moving average is $15.70 and its two-hundred day simple moving average is $15.50. Canterbury Park has a 12-month low of $14.39 and a 12-month high of $21.61.

Canterbury Park (NASDAQ:CPHC) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter. The business had revenue of $13.51 million for the quarter. Canterbury Park had a negative net margin of 0.10% and a negative return on equity of 0.07%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Canterbury Park from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Canterbury Park

Institutional investors have recently modified their holdings of the company. Gabelli Funds LLC boosted its stake in Canterbury Park by 0.8% in the 4th quarter. Gabelli Funds LLC now owns 195,000 shares of the company’s stock worth $3,003,000 after purchasing an additional 1,500 shares in the last quarter. Bank of America Corp DE boosted its stake in Canterbury Park by 142.2% in the 2nd quarter. Bank of America Corp DE now owns 2,616 shares of the company’s stock worth $49,000 after purchasing an additional 1,536 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Canterbury Park by 0.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company’s stock valued at $5,852,000 after acquiring an additional 2,000 shares during the period. 76.37% of the stock is currently owned by institutional investors.

About Canterbury Park

Canterbury Park Holding Corp. engages in hosting and managing pari mutuel wagering activities. It operates through the following business segments: Horse Racing, Card Casino, Food & Beverage and Development. The Horse Racing segment includes simulcast and live horse racing operations. The Card Casino segment holds unbanked card games, poker and table games. The Food and Beverage segment consists of concession stands, restaurant and buffet, bars, and other food venues. The Development segment owns land for racetrack operations.